Quick charity verification for Historic Restoration Society Inc (EIN: 205235080)
Verdict: Historic Restoration Society Inc appears trustworthy
90/100Mission Score
$1.1MRevenue
$6.6MAssets
1Red Flags
5Strengths
Red Flags
Significant fluctuations in liabilities without clear explanation in public filings.
Strengths
Consistent revenue generation, averaging over $800,000 annually.
Strong asset growth, increasing from $1.7 million to $6.8 million over nine years.
0% reported officer compensation across all filings, indicating a strong commitment to mission-focused spending.
Consistent filing of IRS Form 990s, demonstrating transparency and compliance.
Expenses consistently lower than revenue, allowing for asset building and program investment.
Spending Breakdown
How Historic Restoration Society Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Historic Restoration Society Inc
Is Historic Restoration Society Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Historic Restoration Society Inc (EIN: 205235080) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is Historic Restoration Society Inc a good charity to donate to?
Historic Restoration Society Inc has a Mission Score of 90/100. Revenue: $1.1M. Assets: $6.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Historic Restoration Society Inc?
The Employer Identification Number (EIN) for Historic Restoration Society Inc is 205235080. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Historic Restoration Society Inc spend its money?
Historic Restoration Society Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Historic Restoration Society Inc's tax-exempt status?
You can verify Historic Restoration Society Inc's tax-exempt status using EIN 205235080 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Historic Restoration Society Inc demonstrates a generally healthy financial position with consistent revenue generation over the past several years, averaging around $800,000 to $1 million annually. The organization has also shown significant asset growth, increasing from $1.7 million in 2015 to over $6.8 million in 2023, indicating effective asset management and potentially successful fundraising or investment strategies. However, liabilities have fluctuated considerably, reaching a high of $2.5 million in 2021 before decreasing to $1.5 million in 2023, which warrants closer examination to understand the nature of these obligations.
The organization's spending efficiency appears strong, particularly in recent years. For example, in 2023, expenses were $486,918 against revenues of $789,899, suggesting a significant portion of revenue is retained or directed towards future programs and asset building. The consistent reporting of 0% officer compensation across all filings is a notable indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice also suggests a volunteer-driven leadership model or that compensation is reported under other expense categories, which would require further detail to fully assess.
Overall, Historic Restoration Society Inc appears to be a financially stable organization with a strong focus on its mission, as evidenced by its asset growth and low reported administrative costs (implied by 0% officer compensation). The fluctuations in liabilities are the primary area that could benefit from more detailed explanation to fully understand the organization's financial risk profile. The consistent filing of IRS Form 990s over nine periods also demonstrates a commitment to regulatory compliance and transparency.